Dr. Adedoyin Salami, is the chair, Fiscal Round Table of the Nigeria Economic Summit Group. In this interview with BENJAMIN UMUTEME, on the sidelines of the NES, Dr. Salami says the country’s debt servicing ratio is at a high level. He also spoke on the low level of government’s tax revenues among other issues. What are your views on Nigeria’s tax Read More
The Senate and House of Representatives’ Committees on Capital Market and Institutions, Securities and Exchange Commission and other Regulatory Agencies is to hold the Second biennial Stakeholders’ Forum on the Capital Market on Monday, July 23, 2018. Vice President Yemi Osinbajo will be the Special Guest of Honour while Senate President, Bukola Saraki and the Speaker of the House of Read More
The Securities and Exchange Commission, SEC has restated its dedication to collaborate with relevant stakeholders to further develop and deepen the capital market. The Ag. Director General of the SEC, Ms Mary Uduk stated this when members of the association of Stockbroking Houses of Nigeria (ASHON) met with Management of the SEC in Abuja, weekend. Uduk noted that a well Read More
There are increasing calls for the government to appoint a representative from the capital market into the Monetary Policy Committee (MPC) of the Central Bank of Nigeria. Operators of the market, who made the call opined that the capital market was not considered whenever MPC members met to take decisions. They insisted that appointing a capital market representatives as a Read More
By Benjamin Umuteme Abuja Monetary and regulatory authorities in Nigeria have been enjoined to roll out policies that would bring down the inflation rate in the country as well as increase access to domestic funds in order to ensure that the economy attains further growth in 2018, adding that Nigeria is still an investor’s destination. The call was made by Read More
By Benjamin Umuteme Abuja Securities and Exchange Commission (SEC) has insisted that it would not back down in its decision to conduct a forensic exercise into the activities of Oando Plc. In a statement signed by SEC management, the Commission in a letter dated December 5, 2017, and addressed to Oando Plc. assured Nigerians that it would continue to protect Read More
By Joshua Egbodo Abuja House of Representatives has resolved to intervene in the lingering conflict between Minister of Finance, Kemi Adeosun, and the Director-General of the Securities and Exchange Commission (SEC), Munir Gwarzo. Consequently, it has directed its Committee on Capital Market & Institutions to investigate all allegations surrounding the matter and report back within two weeks. It further directed Read More
By Benjamin Umuteme Abuja Former Board Chairman of Security and Exchange Commission (SEC) Dr. Suleyman Ndanusa, has commended the Commission for setting up the Nigerian Capital Market Development Fund (NCMDF). Speaking at the inauguration of the board of NCMDF, Dr. Ndanusa said the move is in the right direction as in line with its mandate of regulating and developing the Read More
By Amaka Ifeakandu Lagos The zero tolerance stance on market infractions and fraud of the Securities and Exchange Commission (SEC), received yet another major boost yesterday when Mr. Oyekun Akinsemoyin was arraigned before the Ikeja magistrate court 1 on charges of conspiracy , forgery, fraud and impersonation contrary to sections 412, 380 and 368 of the Lagos state criminal code. Read More
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